VANCOUVER, May 20 /CNW/ - HSBC Global Asset Management (Canada) Limited
announces the appointment of Martin Currie Inc., Scheer, Rowlett & Associates
and Rainier Investment Management, Inc. as sub-advisors.
Edinburgh-based Martin Currie Inc. was appointed sub-advisor to the HSBC
MM International Growth Equity Pooled Fund replacing Pictet Asset Management
Limited, effective 29 April 2009. Toronto-based Scheer, Rowlett & Associates,
Investment Management was appointed sub-advisor to the HSBC MM Canadian Value
Equity Pooled Fund, replacing AllianceBernstein, effective 15 May 2009.
Seattle-based Rainier Investment Management, Inc. was appointed sub-advisor to
the HSBC U.S. Equity Pooled Fund and HSBC U.S. Equity Fund, replacing Lotsoff
Capital Management, effective 13 May 2009.
HSBC Global Asset Management (Canada) Limited is a wholly-owned
subsidiary of HSBC Bank Canada. Globally, HSBC Global Asset Management, the
core investment business of the HSBC Group, has approximately C$455.3 billion
under management at 31 December 2008.
Notes to Editors:
1. HSBC Global Asset Management (Canada) Limited is a subsidiary of HSBC
Bank Canada and provides services in all provinces of Canada except
Prince Edward Island. HSBC Multimanager is a specialist business
within HSBC Global Asset Management. HSBC Pooled Funds are mutual
funds distributed by HSBC Investment Funds (Canada) Inc. and
authorized dealers. These mutual funds are sold as part of a
discretionary managed service, which requires an investor to enter
into an investment management agreement. HSBC Global Asset Management
may hire other investment advisors for the HSBC Pooled Funds. HSBC
Global Asset Management may hire or replace an advisor at any time.
HSBC Mutual Funds are distributed by HSBC Investment Funds (Canada)
Inc. and authorized dealers. Commissions, trailing commissions,
management fees and expenses all may be associated with mutual fund
investments. Please read the prospectus before investing. Mutual
Funds are not guaranteed or covered by the Canada Deposit Insurance
Corporation, HSBC Bank Canada, or any other deposit insurer. Their
values change frequently and past performance may not be repeated.
2. HSBC Bank Canada, a subsidiary of HSBC Holdings plc, has more than
290 offices, including over 140 bank branches. With around 9,500
offices in 86 countries and territories and assets of
US$2,527 billion at 31 December 2008, the HSBC Group is one of the
world's largest banking and financial services organizations.
For further information:
For further information: Media enquiries: Ernest Yee, (604) 641-2973;
Sharon Wilks, (416) 868-3878